Lincoln Middle Market Index Exhibits Strong Rebound in Q1 2019 with Persistent Earnings Growth

All industries experienced quarterly enterprise value growth – only the fourth time since the inception of the Lincoln Middle Market Index (2014)

Lincoln International released the Q1 2019 issue of its Lincoln Middle Market Index (Lincoln MMI), which measures changes in enterprise values of private mid-market companies over time.

Managing Director, Head of the firm’s Valuations & Opinions Group and Co-head of the U.S. Debt Advisory Group, Ron Kahn, recently shared perspectives about the index and mid-market company performance on Bloomberg.

View the full report here

Highlights from the report:

On an enterprise value basis, the Lincoln MMI is up 5.6% year-over-year; S&P 500 is up 7.8%
Private company values continue to show less volatility than public companies
All industry sectors increased in Q1 2019; energy industry experiences first quarter of enterprise value growth since Q1 2018, while healthcare shows the largest increase in value at 6.8% over Q4

About the Lincoln MMI

The Lincoln MMI is the only index measuring changes in the enterprise values of private middle market companies over time—a barometer for the performance of private middle market companies generally. The Lincoln MMI enables private equity firms and other investors to benchmark how private company investments are performing against peers, and how this performance correlates to the public markets (i.e., S&P 500).

For more information, visit https://www.lincolninternational.com/an-overview-of-the-lincoln-middle-market-index

Important Disclosure
The Lincoln Middle Market Index is an informational indicator only, and does not constitute investment advice or an offer to sell or a solicitation to buy any security. It is not possible to directly invest in the Lincoln Middle Market Index. Some of the statements above contain opinions based upon certain assumptions regarding the data used to create the Lincoln Middle Market Index, and these opinions and assumptions may prove incorrect. Actual results could vary materially from those implied or expressed in such statements for any reason. The Lincoln Middle Market Index has been created on the basis of information provided by third-party sources that are believed to be reliable, but Lincoln International has not conducted an independent verification of such information. Lincoln International makes no warranty or representation as to the accuracy or completeness of such third-party information.

Summary

All industry sectors increased in Q1 2019; energy industry experiences first quarter of enterprise value growth since Q1 2018, while healthcare shows the largest increase in value at 6.8% over Q4.
Click here to download the full LMMI report